Partnership
Types of Partnerships
Legal Formation
Tax Implications
Bonus
100
Joint Ventures, Limited Liability, General, Limited
What is Types of Partnerships ?
100
Involves two or more owners carrying out a business purpose
What is General Partnership
100
To form a partnership, you must register your business with your _____
What is state?
100
Businesses will need to register with the
What is IRS ?
100
There are ___ types of partnerships
What is 4
200
Each partner contributes to all aspects of the
What is business ?
200
Allows each partner to restrict his or her personal liability to the amount of his or her business investment
What is Limited Partnership
200
For partnerships, your ____ is the name given in your partnership agreement or the last names of the partners.
What is legal name ?
200
Register with the state or _____
What is local revenue agencies ?
200
The name of this class
What is entrepreneurship
300
Each partner shares in the profit and ____ of the business
What is losses ?
300
General partnership but only for a limited period of time or for a single project
What is Joint Ventures
300
Once your business is registered, you must obtain business
What is licenses and permits?
300
Register with state and local revenue agencies, and obtain a
What is Tax ID number or permit?
300
Started school on
What is August 11 th
400
Single business where two or more people share ownership
What is a partnership ?
400
Both _____ and limited partners benefit from business profits
What is general?
400
If you choose to operate under a name different than the officially registered name, you will most likely have to file a
What is fictitious name ?
400
Partners include their respective share of the partnership's income or loss on their
What is personal tax returns ?
400
School Colors
What is black , gold and white
500
partnerships are between ___ people
What is 2 or more ?
500
Partnership profits are not taxed to the
What is business?
500
To form a partnership, you must register your business with your state, a process generally done through your
What is Secretary of State’s office?
500
A partnership must file an_______ to report the income, deductions, gains and losses from the business’s operations
What is annual information return?
500
Teachers 1st Name
What is Lucy
M
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